Banking System and Financial Institution

CHAPTER I

ORGANIZATION PROFILE

1. Description of the Organization

Banking system and Financial Institution can be consideration as the vertical for socio-economic development as a country by mobilizing and economic confidence of various segments and expanded credit of the people. Development banks play a vital role to economic growth. It provides opportunities for the different sector of the business which are essential in the economic development.

There are different banks such as business bank, retail banks, clearing bank, joint venture bank etc. Their main objectives are to provide service to the customer i.e. they provide a link between the leaders and the borrowers. Basically banks earn profits by charging rate of interest to the borrowers slightly higher then they pay to the lenders.

Among them Sewa Bikash Bank Limited is one of them Sewa Bikash Bank register as per financial Institution Act 2062 on Falgun 13th and authored for conducting better operation as per bank and financial institution act 2062 has authorized capital of Rs. 60 corer and paid up capital of Rs 10 corer. It is an authorized ‘B’ grade financial Intuition. The head office is located at Puspalal Park, Burwal-8. Financial transaction and Banking activities were started from Falgun 2063 focuses to the resources that remain idle or the resources likely to divert into less productive crease can be utilized in productive ways by attracting fixed income group savers. It also has several branch offices in Butwal, Bhairahawa, Kotihawa, Devdaha, Saljandi, Gorusinge, Parasi, Kawasoti, Danda, Dumkibas.

SBBL is the best choice for on the go……. where ever you might be going. SBBL believes in customer focus banking. Our wide range of service, extended branch hours, equipped modern technology which includes ATM, credit cards, ABBS, Internet Banking System and Tele Banking System provided to our customer with fast convenient services. SBBL has many convenient branches location with long hours and extended cut-off times if you need to see us in person. We also offered a convenient cash management tools that enables to your business to grow.  

1.  Mission and Objectives

1. Mission Statement

        Main function of SBBL is to promote the development program of urban area, industries, trade and commerce and for Development of economic sectors. Beside this they have complete financial service, including various type of deposit, loans and advanced service, remittance and other many more that normal financial Institution possess.

                Every organization is established with some goal to be achieved. Some of the special features better we say quality about them that lead to the achievement of their goal are as follows:

• Provide soft Interest rate
• Provide fast service and cooperation
• Provide maximum earning on different types of deposit schemes
• Operate special program on different types of deposit schemes
• Operate special program on selected poor and back ward society by utilizing unused labor and skill to increase productivity.
• Provide cooperate in social welfare
• Provided reduced poverty from the concerned authority
• Follows the computerized accounting interest rate on fixed deposit.

1.2.2   Objective

        Every financial institution has their own objectives. SBBL believes is secured saving, attractive Interest easy credit flow and helping behavior to become its commitment. The following are the major objectives of SBBL are:

• To provide micro level loan to the particular community, which are in shadow according to the social and economic point of view.
• To promote the self-employment through the micro financial services.
• Help to achieve inclusive growth
• To play proactive role in economic development
• To promote regular saving of the member of the group trough the micro financial activities

1.  Major Markets & Customers

                 This SBBL covers regional wide range of the district such as Kapilvastu, Rupandehi & Nawalparasi. The following are the sub-branches come under the functioning of the Butwal head office along with the number of customers, borrowers & employers.

Table No. 1.1

List of branches and customer

        The above mention sub-branches are the functional area of the Butwal head office. This bank aims to make incremental contribution to their economic condition by providing them the non guarantee loan which is payable with in a fiscal year. The bank provided a loan in different services categories such as Agriculture loan, Hire purchase loan, Micro loan, term loan and home loan etc.